Intrua Financial LLC Has $202,000 Stock Holdings in Bank of Nova Scotia (The) $BNS

Intrua Financial LLC cut its stake in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 84.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,744 shares of the bank’s stock after selling 15,267 shares during the period. Intrua Financial LLC’s holdings in Bank of Nova Scotia were worth $202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Citigroup Inc. lifted its position in shares of Bank of Nova Scotia by 55.4% in the 3rd quarter. Citigroup Inc. now owns 1,517,072 shares of the bank’s stock valued at $98,118,000 after acquiring an additional 540,526 shares in the last quarter. Intact Investment Management Inc. lifted its position in shares of Bank of Nova Scotia by 50.7% in the 3rd quarter. Intact Investment Management Inc. now owns 1,645,842 shares of the bank’s stock valued at $106,435,000 after acquiring an additional 553,720 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Bank of Nova Scotia by 30.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,690,883 shares of the bank’s stock valued at $497,197,000 after acquiring an additional 1,772,608 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Bank of Nova Scotia by 44.3% in the 3rd quarter. CIBC Asset Management Inc now owns 9,800,305 shares of the bank’s stock valued at $635,730,000 after acquiring an additional 3,007,407 shares in the last quarter. Finally, First National Trust Co lifted its position in shares of Bank of Nova Scotia by 54.5% in the 3rd quarter. First National Trust Co now owns 44,415 shares of the bank’s stock valued at $2,871,000 after acquiring an additional 15,676 shares in the last quarter. 49.13% of the stock is owned by institutional investors and hedge funds.

Bank of Nova Scotia Stock Performance

NYSE:BNS opened at $78.95 on Thursday. Bank of Nova Scotia has a 1 year low of $51.00 and a 1 year high of $79.08. The firm’s fifty day simple moving average is $73.33 and its 200 day simple moving average is $72.72. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $97.03 billion, a PE ratio of 16.41, a PEG ratio of 0.94 and a beta of 1.13.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings results on Tuesday, February 24th. The bank reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. Bank of Nova Scotia had a net margin of 12.40% and a return on equity of 12.49%. The firm had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the prior year, the firm earned $1.76 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Bank of Nova Scotia will post 6.03 EPS for the current year.

Analysts Set New Price Targets

BNS has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Bank of Nova Scotia from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, February 25th. TD Securities restated a “hold” rating on shares of Bank of Nova Scotia in a research report on Tuesday, March 3rd. Canaccord Genuity Group downgraded shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Royal Bank Of Canada upped their price target on shares of Bank of Nova Scotia from $97.00 to $106.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $106.00.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia, commonly known as Scotiabank, is a Canadian multinational banking and financial services company founded in 1832 and headquartered in Toronto, Ontario. It is one of Canada’s largest banks and provides a broad range of financial services to retail, commercial, corporate and institutional clients. The bank combines a domestic Canadian franchise with an extensive international presence to serve customers across multiple markets.

Scotiabank’s core activities include personal and commercial banking, wealth management, corporate and investment banking, capital markets, and global transaction banking.